If you are looking for a business in the fintech industry, you must be aware of aeps api solution. And when it comes to aeps you should know about the best aeps service provider company which provides security and availability of all basic banking services through its API & SDK solution. But what exactly is aeps api and why is it so important for the people residing in rural or semi-urban areas? We have the answers to all your questions.
What is AePS and How Does It Help You To Start Your FinTech Business?
AePS stands for aadhaar enabled payment system. It is a bank-led model developed by NPCI (National Payment Corporation of India) to promote financial inclusion in the country. It is a type of payment system based on a unique identification number where an aadhaar card plays a key role in getting banking transactions done. This amazing payment solution enables aadhaar linked bank account holders to perform safe, secure and instant financial transactions without visiting banks.
So, if you are planning to start your fintech business of aeps service then integrate your business with RBP finivis which is a financial institution and always ready to support businesses of all sizes. We will help you to extend your business and generate a maximum profit using our robust aeps api solution.
Here, we have developed high-quality, advanced featured aeps solutions of multiple APIs with our well-experienced technical team. Our API is based on the latest technology and its integration is very easy.
Why was Aadhaar Enabled Payment System Came into Existence?
Aadhaar based payment system was launched by the government of India under an umbrella organization NPCI in November 2010 to allow online interoperable financial transactions through business correspondent of any bank using aadhaar authentication.AePS came into existence to bring all the citizens into the banking framework. However, it serves as the medium for including as many citizens as possible in the brackets of financial inclusion.
Services Offered By AePS
Using aeps payment channel one can perform the following banking transactions instantly through banking correspondent or Mego pay agents-
· Cash withdrawal
· Balance inquiry
· Aadhaar to Aadhaar fund transfer
· Mini statement
You can easily carry out these transactions via figure detection that enables safe and secured transactions.
Advantages of AePS API for Merchants
· Merchants can build a secure network for transaction in addition to boasting the digitalization of retail payments using aepsapi software
· AePS service registration allows merchants to render a route for disbursing government entitlements including Jan Dhan yojana, social security pension, old age pension, NREGA of both central and state government
· Opportunity to earn high commission in carrying out maximum transactions of the bank in an easy and safe manner.
So, explore the rewarding AePS business opportunities only with RBP Finivis Pvt Ltd which is among India’s topmost aeps services provider companies. Going with RBP you can avail yourself of multiple business advantages including timely reconciliation that keeps your business growing further, the accessible customer support that addresses queries quickly and much more.
